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posters in jerryland...
SSEY,
Today the stock went up to .90.
Not bad. Where are the posters?
Echo20
SSEY,
Today is March 12th.
The new drilling will be done around March 15th.
So in a few days we will know of the luck and skills of this company.
Echo20
SSEY,
Results of drilling will be in around March 15th. Then we will know better about the truth of SSEY.
Echo20
How can this be vacant?
SSEY has one well and is working on four others at this time.
Echo20
SSEY,
No posts since last year?
One gas well with 703 MCFT of gas daily?
On the four well now with results due around March 15th?
Any word on this?
Echo20
I have had a mailer for almost a month but never bought in.
I got the mailer today. Let's see what happens on Monday.
already posting sales for SSEY . I didn't think that was possible for the OTC
news
Star Completes Frac on the R.C. Atkins 8-1
Monday November 19, 9:00 am ET
HOUSTON--(BUSINESS WIRE)--Southern Star Energy Inc., (OTCBB:SSEY - News) is pleased to provide an update the company’s well the R.C. Atkins 8-1.
ADVERTISEMENT
R.C. Atkins 8-1: Drilled and completed February 24, 2007 to depth of 9950 feet. First stage completion with perforations from 9084’ thru 9291’ was perforated and frac stimulated with a conventional ball out procedure from September 25 through September 27. The well was allowed to flow back and clean up to tanks until October 19 when operations commenced to complete the Upper Cotton Valley section from 8500’ to 8876’. The Upper Cotton Valley section from 8500’ through 8876’ was completed utilizing the new coiled tubing conveyed minifrac method in six stages from October 19 through October 25. The well was allowed to flow back completion fluids up 4.5 inch casing and clean up over the next eight days (November 1) at which time it began to show traces of hydrocarbons. From November 1 through November 10, gas rates flowing up casing have built up to about 740 mcfpd and 25 bwph with flowing casing pressure of 575 psi. Production has stabilized at 505 mcfpd 30 bwph at flowing casing pressure of 575 psi on 24/64 choke. From November 12 through 14, a completion rig was set up running production tubing into the well. Also a 150 foot sales line has been installed to begin producing the well to sales.
All of the estimated recoverable oil and gas reserves in different zones are confirmed by mudlog, wireline logs evaluations and in some cases with sidewall cores and Formation Tester pressure measurement. Total of 64 feet estimated gas pay is distributed over a gross (total) interval of 900 feet in the Cotton Valley section. Three shallower zones demonstrating primarily oil potential will continue to be evaluated in subsequent wells. Results of those evaluations will determine the feasibility of additional future developments targeting the oil potential. The zones indicating oil potential are regionally known and have been economically developed within a ten mile radius of this well.
I take it all back. The pump is in it's infancy. I have a little higher than necessary entry but the volume here is gonna blow to get that overhang into the publics hand. That Eric Dany report if parcelled into PR's will give us several days of 5 to 10 million shares traded. I got myself lathered up a bit but now I can sse this for what it will be. GLTA
got caught in this P and D at 1.50 and still holding at 1.21. See you at .25 I feel like inflicting some pain on myself for the ignorance
Some SSEY DD - feel free to add anything here to the ibox.
I received the mailer as well. 4 pages and NO disclaimer?
"...this $1 stock could jump to $10 overnight..."
"...SSEY has made a $1.07 billion find in Northern Louisania...
...And yet shares are still selling for $1..."
"...Read the enclosed report. Then CALL YOUR BROKER!..."
So, there's the pump, anyone watching L-II for the dump - ie what MM(s) are heavy on the offer and absent from the best bid? If they are coy enough to post a best bid, do they actually hold that bid during prints? ie are they willing to buy, or just sell only.
SSEY 20min delayed L-II...
http://www.otcbb.com/asp/quote_module.asp?qm_page=83398&symbol=SSEY
After reading the board I see some are saying this is a Pinky. It not pink but a fully reporting OTC-BB. Pinky's selectively report or not at all. That is not the case here, there is plenty to read!
Authorized: 843,750,000 shares, par value $0.001 (NASTY)
Issued: 30,806,250 shares (for the quarter ended August 31, 2007)
since inception 2/7/05 - 8/31-07....
Financing Activities
Deferred cost ($25,000 )
Proceeds from issuance of common stock $287,625 Proceeds from convertible units $2,430,000
Advances from related party $6,400
Proceeds from issuance of convertible debentures $1,400,000
Net Cash Provided by Financing Activities $4,099,025
The promo is to find buyers for convertible sellers. That would be how hired Eric Danny. Now is they never hit the bid and wait for buyers to hit the ask, and they are not greedy and let the pps rise, money can be made here.
http://www.sec.gov/cgi-bin/browse-edgar?company=Southern+Star+Energy+Inc.&action=getcompany
3. Convertible Debentures
a) On November 1, 2006, the Company issued a 10% convertible debenture with a principal amount of $600,000 which is due and payable on November 1, 2008. The principal and accrued interest on the debenture may be converted into shares of the Company’s common stock at $0.33 per share, at the option of the holder. An equity portion representing the beneficial conversion feature has not been recorded, as there was no intrinsic value at the date of commitment. At August 31, 2007, interest expense of $50,000 has been included in accrued liabilities.
b) On December 1, 2006, the Company issued a 10% convertible debenture with a principal amount of $800,000 which is due and payable on December 1, 2008. The principal and accrued interest on the debenture may be converted into shares of the Company’s common stock at $0.33 per share, at the option of the holder.
Convertible Units
a) On July 11, 2007, the Company entered into a subscription agreement for the issuance of 11.6 units at $50,000 per unit for proceeds of $580,000. Each unit entitles the subscriber to receive 1.98% of the net proceeds from production attributable to the Company’s interest in certain wells located on the D Duck Prospect (Note 2). Each unit is convertible into shares of the Company’s common stock at a rate of 1 share for every $0.50 of investment. During the three month period ended August 31, 2007, pursuant to EITF 98-5 “Accounting for Convertible Securities and Beneficial Conversion features or Contingently Adjustable Conversion Ratios” and EITF 00-27 “Application of Issue No. 98-5 to Certain Convertible Instruments” the Company recorded the $406,000 intrinsic value of the beneficial conversion feature upon issuance.
b) On February 12, 2007, the Company entered into a subscription agreement for the issuance of 37 units at $50,000 per unit for proceeds of $1,850,000. Each unit entitles the subscriber to receive 1% of the net proceeds from production attributable to the Company’s interest in certain wells located on the D Duck Prospect (Note 2). Each unit is convertible into shares of the Company’s common stock at a rate of 1.5 shares for every $0.50 of investment. During the year ended May 31, 2007, pursuant to EITF 98-5 “Accounting for Convertible Securities and Beneficial Conversion features or Contingently Adjustable Conversion Ratios” and EITF 00-27 “Application of Issue No. 98-5 to Certain Convertible Instruments” the Company recorded the $1,369,000 intrinsic value of the beneficial conversion feature upon issuance.
6. Commitments
a) On February 27, 2007 the Company entered into a services agreement with a consultant who will provide consulting services in consideration for $140 per hour of services and 375,000 shares of the Company’s common stock. The Company is to issue 187,500 shares upon the generation of revenues from the D Duck Prospect in excess of all costs reasonably incurred in relation to the drilling of the well. The Company is also obligated to issue 187,500 shares to be held in escrow for a period of one year upon the D Duck Prospect generating more than 15 bullion cubic feet equivalent of natural gas or having reserves greater than $75,000,000 calculated on a 10% discounted cash flow. As at August 31, 2007, no shares have been issued under this services agreement.
b) On May 3, 2007, the Company entered into a marketing agreement with RedChip Companies Inc. (“RedChip”) for an initial term of 12 months in consideration of $7,500 per month, and commencing August 1, 2007, an equivalent value of $5,000 per month payable in shares of the Company’s common stock, the value of which will be determined based upon the closing price of the shares as reported by StockWatch Inc. on the first business day of each quarterly period. The shares will be issued by the Company to RedChip on a quarterly basis no later than ten days after the first day of each subsequent quarter. A late fee of 5% of the monthly fee will be billed if the payment is received more than 15 days after the due date.
c) On June 18, 2007, the Company entered into a services agreement with a financial advisor who will provide services related to assisting the Company in future financing activities in consideration of a 8% cash fee and a warrant to purchase the higher of 8% of the dollar amount or the number of equity securities issued in the financing or 8% of the face value of any debt securities sold in the financing on at least the following minimum terms and conditions: (i) purchase price of $0.01, (ii) exercise price set at the closing price of the Company’s common stock on the closing date of the financing; (iii) warrant term of 3 years; and (iv) The Company has the right on 15 days written notice to require the Warrant holder to exercise the Warrant so long as the closing price of the common shares of the Company equals or exceeds $1.75 per common share for at least 20 consecutive trading days prior to the date of the call notice. The Company paid an initial cash deposit of $25,000, which has been recorded as a deferral cost. Upon successful completion of the future financing, this cost will be recorded as a reduction of additional paid-in capital. If the future financing is not successfully completed, this cost will be charged to the consolidated statement of operations.
7. Subsequent Event
On September 18, 2007, the Company issued a 10% convertible debenture with a principal amount of $1,300,000 which is due and payable on September 18, 2009. The principal and accrued interest on the debenture may be converted into shares of the Company’s common stock at $0.50 per share, at the option of the holder.
---------
We are an exploration stage company engaged in the acquisition of prospective oil and gas properties. We conduct due diligence on potential acquisitions of suitable oil and gas properties and have acquired various leasehold rights from land owners in an area which comprises approximately 5,300 acres in the prospect area within Bossier Parish and Caddo Parish Louisiana, commonly referred to as the D Duck Prospect. Southern Star Operating currently holds a 40% working interest in the prospect area and is the operator of the prospect. We intend to undertake exploration activities and, if warranted, develop the properties pursuant to the leasehold rights we have acquired within our prospect area. As partial owner of the working interest in and to the leasehold rights, we, together with the other interest holders, have the exclusive right to explore and exploit any oil and gas and mineral resources contained in the prospect area.
The 100% working interest in the prospect is held by the following non-affiliated parties: Dynamic Resources Corp. holds a 20% working interest; Southern Star Operating holds a 40% working interest; and Ramshorn Investments, Inc. holds the remaining 40% interest. The working interest is subject to a royalty interest of approximately 20% for the leases in the prospect area. As a result, the holders of the working interest are entitled to receive 80% of any production from the prospect, less all exploration and development costs, and the holder of the royalty interest is entitled to the remaining 20% of any production. The royalty interest is not responsible for any exploration or development costs.
---
ZERO revenues so far ending 8/31/07...
The Company has been in the exploration stage since completion of its restructuring in November, 2006 and has not yet realized any revenues from its planned operations
-----
VANCOUVER, British Columbia -- 11/13/06 (one year ago - look-up over?) Surge Enterprises, Inc.(OTCBB:SGEI) wishes to announce that, effective immediately, the Company's name has been changed to "Southern Star Energy Inc." and the shares of common stock of the Company will be quoted on the OTC Bulletin Board under the new ticker symbol "SSEG". In addition, the Company has completed a forward split of its shares of common stock on the basis of 7.5 new shares for each old share.
Southern Star Energy, Inc.
205
340 Linden Avenue
Victoria, BC V8V 4E9 (not good, especially with an 844M AS)
Canada
Phone: (250) 858-9862
Transfer Agent:
Pacific Stock Transfer Co.
P.O. Box 933385
500 E. Warm Springs
Las Vegas, NV 89193-3385
ph: (702) 361-3033 (call this number often and ask for the # of outstanding shares!)
Fax: (702) 433-1979
E-mail: Pacific Stock ...
www.pacificstocktransfer.com/contact.html
cut and paste this link...
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=2qu3II8zqRdRNwFdsyAlPg%253d%253d
26 SEC Filings (from 3/14/01 to 7/9/07) involving Boehnke Eric
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1136170
Eric Boehnke, President, Secretary, Treasurer (one man band who knows his way around securities)
3 month daily...
6 month daily...
two year weekly...
Ok, armed with some good info, let the games begin! The "awareness" campaign is underway and the PR spigot is open.
Yeah, I got the same Eric Dany report and am checking in to see if there is anything to this. Pennies usually end up dumping on me, but who knows. Maybe this one will go somewhere. I'm not in yet.
Southern Star Begins 2nd Stage Frac on the Lincoln Atkins 18-1
HOUSTON, Nov 12, 2007 (BUSINESS WIRE) -- Southern Star Energy Inc., November 2007 (OTCBB:SSEY) is pleased to provide an update the company's well the Lincoln Atkins 18-1.
Atkins-Lincoln 18-1: Drilled and completed January 16, 2007 to depth of 9950 feet, first production July 11, 2007. First sales September 5, 2007, currently the well is only producing from the bottom 14% (50 feet) of total Cotton Valley pay interval. Early production, over 500 mcfd has been encouraging, this has led the company to optimizing the engineering design for the completion for the remainder (900 feet gross) of the Cotton Valley pay interval. Petrophysical, geologic and engineering information indicates that the quality of the upper Cotton Valley pay is materially better than the lower interval now producing. The Company has commenced completion operations on this well to complete the entire Cotton Valley pay section to commingle all available gas production into sales by end of November 2007.
All of the estimated recoverable oil and gas reserves in different zones are confirmed by mudlog, wireline logs evaluations and in some cases with sidewall cores and Formation Tester pressure measurement. Total of 85 feet estimated gas pay is distributed over a gross (total) interval of 900 feet in the Cotton Valley section. Three shallower zones demonstrating primarily oil potential will continue to be evaluated in subsequent wells. Results of those evaluations will determine the feasibility of additional future developments targeting the oil potential. The zones indicating oil potential are regionally known and have been economically developed within a ten mile radius of this well.
Further Information
Shareholders and prospective investors are encouraged to visit Southern Star Energy's website: www.ssenergyinc.com to learn more about the Company and the Cotton Valley Trend. Please feel free to call investor relations at 1-800-733-2447 ext. 107 to receive a full corporate investor package.
About Southern Star Energy.
Southern Star Energy has approximately 5500 acres under lease within the prospect area, which is defined by a string of ten vintage wells drilled in the 1950's. The prospect area was historically developed on 640 acre spacing (wells approximately one mile apart). Most of these old wells were abandoned before 1972 after only producing from one relatively thin (20 feet) zone of the Cotton Valley sand members. None of the zones with identified reserve potential have been produced within a five mile radius of the prospect area. Preliminary plans, with continued successful evaluation drilling, will be to develop the leased acreage with at least one well per 160 acres. Analog fields are being economically developed with at least one well per 80 acres indicating that many more wells can be reasonably contemplated.
Information Regarding Forward-Looking Statements:
Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Southern Star Energy's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in Southern Star Energy's operations.
SOURCE: Southern Star Energy Inc.
CONTACT: Southern Star Energy
Bruce Ganer, 281-851-9500
bruce@ssenergyinc.com
or
Investor Relations:
RedChip Companies, Inc.
Jon Cunningham, 1-800-733-2447 ext. 107
Jon@RedChip.com
www.RedChip.com
I agree, most of the time it's the company making them self known to these supose "Investment Guru's" when they feel production and big events are coming about.
Don't believe for a minute that BS that they feed you on how they discovered any company through research, investigations, getting info through the chairman of the boards poolboy etc. that's all crap to promote themselves.
What I noticed that they are good for is the information they put out that was obviously given to them by the company. But if you check on it through your own investigation through the power of the internet, you can sometime justify in your own mind through chain of events to take a shot and invest in a pinkey stock like I did with this one.
If you get as many of these investment reports in the mail like I do, and actually read and research them. You will notice that the story they wrote sounds great. But the underlying chain of events and facts don't follow a clear path as to the reason of why I think this stock will make me money. In other words, all these penny stocks are speculation, but I have to see some evidence of movement from the company so I'm not sitting on a dead one for years.
My Best,
Mike302
Kind of odd that he couldnt find this stock when it was .80 cents or less but after it jumped to over a BUCK he just happened to have a hot new issue what do you think.
If I'm not mistaken it was at $1.27. I probably should have waited. Just watch....It will take a 10 cent nose dive today. I seem to always get in at the wrong time. I like this company for some reason and me really liking a pinkey is not that common. The good news is I didn't kill myself with the purchase....Just got enough to get annoyed.
Mike302
What did you get in at
They don't own their own rigs. They have an agreement with Nabors Drilling, one of the biggest in the world. Nabors Drilling is a subsididary with Ramshorn Investment. Oddly enough, the newly appointed Vice president of Southern Star is partners in an exploration company with Ramshorn Invest.
I'm banking on the guess that Ganer was appointed to VP because of his connections with drilling rigs and the top brass know something that we don't about the old wells that can now produce prifitably again due to 40 years of new technology....bla.. bla.. bla..
ORRRR
Maybe it's just a Pump and Dump.
Who knows...I took a shot.
My Best,
Mike302
Exactly what I was thinking. This stock has a large market cap right now for a field with only three test wells and 3D data. It is possible that the company could reach a significant value if they begin production. From my previous knowledge, I would assume this company should be worth considerably less (unless production as been stabilized). If they hit oil and at today's current prices, this could be a bargain. I will try to find out more details.
Before I invest in this stock I would give the company a call and find out if they own their own drilling rig. If not it could take 6 months to line up a crew with a rig to drill. And I would want to no what the numbers are out of those 2 wells before I invest. Would rather pay a little more than to find out later that the only field they have cant produce enough to pay the expenses. Also the Owner has 7,500,000 shares this could also be a pump and dump look at the past history chart it was around .80 cents before this move and then we receive this STOCK ALERT to buy after the run so maybe he can sell into the run. And were the bag holders just a thought.
I got the same report in the mail came today so I said what the heck lets start a board and see where this one goes. Im in 2 other oil stocks AENP for a little over 2 years now. And last week picked up some KOG. I started this board just for kicks lets see where it goes.
It's funny that a forum Board started today for Southern Star Energy. I received a stock report in the mail yesterday for SSEY from the Great "Eric Dany". I was wondering if it was that report that had something to do with it. If not, it does make interesting reading. It can be viewed at http://www.pennystockhunter.com/ssey/
Anyway, after some research of my own, I let one of the voices in my head get the best of me and jumped on board and SSEY became my second OTC investment.
I'll continue to read the board and would appriciate any company updates anyone may have.
GO SOUTHERN STAR!!!
My Best,
Mike302
Has anyone heard how the production out of the test wells have been? With the entire company focused around one field, this would be essential for most investors to play. With drilling only taking 14 - 20 days, they could add production rapidly if they have experienced success.
Southern Star Energy Appoints Bruce Ganer to the Board of Directors
Southern Star Energy Inc. (OTCBB:SSEY) Southern Star Energy is pleased to announce that Bruce Ganer has joined the Board of Directors and has assumed the title of Vice President of Exploration and Development.
Mr. Ganer has 33 years of experience providing engineering, petrophysics, planning, and managerial direction of exploration and production development projects with a successful track record in both Domestic USA and International projects.
Mr. Ganer started his career at Schlumberger working for seven years as a field engineer and manager of SE Division Computing Center. He then moved on to Home Petroleum where he worked as a Petrophysicist evaluating properties in Oklahoma, Texas, Louisiana and Mississippi. In 1982 he joined Union Texas Petroleum where we worked for nine years as a petrophysicist and reservoir engineer assigned to seven of the top ten onshore fields. Mr. Ganer also served as their onshore strategic plan and budget coordinator. Bruce provided solutions on particularly problematic reservoirs and evaluated exploration wells in domestic U.S., Alaska, Pakistan, Spain, Africa, Indonesia and Columbia.
In 1991 Mr. Ganer joined Pennzoil Exploration and Production Company as their Chief Petrophysicist and Reservoir Engineer. A year later he was assigned to Pennzoil International in charge of the technical staff which he grew to thirty professionals that included geologists, geophysicists, petrophysicists, production engineers and reservoir engineers. He served as the Technical Project Leader for a six billion barrel offshore oil development in Azerbaijan.
In 1997 Mr. Ganer formed Sierra Pines Resources International. In his role as President of Sierra Pine Resources he has coordinated and actively participated in numerous field studies leading to drilling and workovers, significantly increasing production. The company’s efforts over the last eight years have directly resulted in several significant value-added projects accounting for in excess of 290 Bcfe in proven reserve additions.
Mr. Ganer received a BS, Physics & Math from Central Michigan University, post graduate studies in Physics from Central Michigan University, post graduate studies in Geology and Geophysics from Centenary College and University of Houston and a Masters of Science in Petroleum Engineering from the University of Houston.
About Southern Star Energy
Southern Star Energy has approximately 5,300 acres under lease within the prospect area, which is defined by a string of ten vintage wells drilled in the 1950s. The prospect area was historically developed on 640 acre spacing (wells approximately one mile apart). Most of these old wells were abandoned before 1972 after only producing from one of the Cotton Valley sand members. None of the zones with identified reserve potential has been produced within the prospect area. Preliminary plans, with continued successful evaluation drilling, will be to develop the leased acreage with at least one well per 160 acres. Analog fields are being economically developed with at least one well per 80 acres.
Information Regarding Forward-Looking Statements:
Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Southern Star Energy’s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in Southern Star Energy’s operations.
Investor Relations:
RedChip Companies, Inc.
Jon Cunningham, 1-800-733-2447 ext. 107
Jon@RedChip.com
www.RedChip.com
or
Southern Star Energy Inc.
Bruce Ganer, 281-851-9500
Source: Business Wire (November 7, 2007 - 9:12 AM EST)
News by QuoteMedia
www.quotemedia.com
Southern Star Provides Operational Update
Southern Star Energy Inc., September 26th, 2007 (OTCBB: SSEY) is pleased to provide an operational update the company’s prospect in North Louisiana.
Operational update:
Southern Star Energy is pleased to announce that they have successfully drilled three evaluation wells and are currently drilling a fourth test well in their North Louisiana prospect acreage. Early evaluation and test results indicate that the deepest and primary hydrocarbon objective reservoirs, in the Cotton Valley sandstone interval, contain thirty percent to fifty percent (30% to 50%) more oil and gas reserves than previous internal forecasts had indicated. In addition, secondary and tertiary oil and gas reservoir targets known to be productive in offset area fields have been indicated by sidewall cores and wireline log measurements to have potential in these new Company wells. Over the last ten months, the Company has been able to drill four wells, simultaneously obtain right of ways, and build a new flow line to market the gas. These activities will allow the Company to significantly expedite future field development. Based on similar offset area field developments and the encouraging results of these early Company wells, which are drilled about two thirds of a mile to nearly one mile apart, the Company’s prospect acreage could experience the drilling of 80 development wells.
Company’s Activities:
Atkins-Lincoln 18-1: Drilled and completed January 16, 2007 to depth of 9950 feet. First production July 11, 2007. First sales September 5, 2007, currently only the bottom 14% of total Cotton Valley pay interval is being produced. The Company intends to further its completion activities on this well and complete the entire Cotton Valley section in October 2007.
All of the estimated recoverable oil and gas reserves in four different zones are confirmed by mudlog, wireline logs and in some cases with sidewall cores and Formation Tester pressure measurements. Total of 85 feet estimated gas pay in the Cotton Valley. The three shallower zones demonstrating primarily oil potential will continue to be evaluated in subsequent wells.
R. C. Atkins 8-1: Drilled and completed February 24, 2007 to depth of 9950 feet. Completion for first production set for September 27, 2007. First sales planned for October 20, 2007 following the completion of entire Cotton Valley section.
All of the estimated recoverable oil and gas reserves in the Cotton Valley zones are confirmed by mudlog, and wireline logs. Total of 64 feet estimated gas pay in the Cotton Valley.
Pipeline/Gas gathering system: Right of ways were obtained and two and a quarter miles of pipeline were installed in June 2007. Gas gathering system and facilities installed and hooked up September 2007.
Atkins-Lincoln 18-2: The Company spudded this well on September 14, 2007 the Company anticipates reaching TD before September 30, 2007. Numerous mudlog gas “breaks” indicate and correlate to hydrocarbon bearing zones present in the previous wells recently drilled about two thirds mile to a mile away.
Rendall 7-1: Drilled and completed July 24, 2007 to depth of 5000 feet. Completion for production attempted on three zones. Produced hydrocarbon shows were experienced in the zone around 4900’ but not in the zones at 3830’ or 1000’. All zones remain as “zones of interest” and will be evaluated further in future wells to be drilled.
All of the estimated recoverable oil and gas reserves in three different zones were indicated by mudlog, wireline logs and in some cases with sidewall cores and Formation Tester pressure measurements in the two previously drilled wells, additionally indicated by wireline logs and sidewall cores in this wells.
Further Information:
Shareholders and prospective investors are encouraged to visit Southern Star Energy’s website: www.ssenergyinc.com to learn more about the Company and the Cotton Valley Trend. Please feel free to call investor relations at 1-800-733-2447 ext. 107 to receive a full corporate investor package.
About Southern Star Energy:
Southern Star Energy has approximately 5500 acres under lease within the prospect area, which is defined by a string of ten vintage wells drilled in the 1950’s. The prospect area was historically developed on 640 acre spacing (wells approximately one mile apart). Most of these old wells were abandoned before 1972 after only producing from one of the Cotton Valley sand members. None of the zones with identified reserve potential has been produced within the prospect area. Preliminary plans, with continued successful evaluation drilling, will be to develop the leased acreage with at least one well per 160 acres. Analog fields are being economically developed with at least one well per 80 acres.
Information Regarding Forward-Looking Statements:
Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions in the Private Securities Legislation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Southern Star Energy’s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in Southern Star Energy’s operations.
Investor Relations:
RedChip Companies, Inc.
Jon Cunningham, 1-800-733-2447 ext. 107
Jon@RedChip.com
www.RedChip.com
or
At the Company:
Southern Star Energy
Bruce Ganer, 281-851-9500
bruce@ssenergyinc.com
Source: Business Wire (September 26, 2007 - 6:00 PM EDT)
News by QuoteMedia
www.quotemedia.com
RedChip Radio: Exclusive Interview With Southern Star Energy Inc.'s President Eric Boehnke
Wednesday June 6, 10:41 am ET
ORLANDO, Fla., June 6, 2007 (PRIME NEWSWIRE) -- RedChip Companies, Inc. announced today that Eric Boehnke, President of Southern Star Energy, Inc. (OTC BB:SSEY.OB - News), was featured in an exclusive interview with RedChip Radio(tm), a radio news forum addressing general market and small-cap news.
Additionally, RedChip Radio(tm) features interviews with CEOs and prominent small-cap executives.
Topics covered during the interview include corporate strategy, short and long-term strategic objectives for the Company, as well as the financial condition of the Company.
To hear the interview in its entirety, visit: http://www.redchip.com/visibility/investor.asp?symbol=SSEY&daily=20070605&from=pr0605.
About Southern Star Energy Inc.
Southern Star Energy Inc. is an oil and gas exploration company with attractive lease acreage properties in Louisiana. The Company has acquired over 5,500 net acres of land and has drilled its first two wells. Southern Star has expanded its holdings by acquiring additional leasehold interests and increasing its total acreage position to approximately 8,500 gross acres with estimates for more than 90 wells
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Symbol: SSEY
Outstanding Shares: 45,347,280(as of March 2009)
Corporate Office: Houston, Tx.
Website: www.ssenergyinc.com
Presentations: www.ssenergyinc.com/i/pdf/SSEY_Corporate_Overview_March09.pdf
www.ssenergyinc.com/i/maps/SSEY_HSF_316E.jpg
Industry: Natural Gas and Oil Drilling Production
Southern Star Energy has a 40% operating interest in over 5,000 leased acres in northern Bossier Parish in Louisiana. The company has mainly focused on drilling wells in the Cotton Valley Formation (such as the Rendall 7-2, Atkins-Lincoln 18-2, Atkins Lincoln 18-1). Recently, the company drilled a Haynesville Shale test well on the Atkins-Lincoln 17-2 well. The well core results were very encouraging and indicate that this part of Bossier Parish may indeed have substantial amounts of the Haynesville Shale, a formation which usually has much higher flow rates than Cotton Valley wells. Several Haynesville Shale wells drilled by Petrohawk in southern Bossier Parish have had initial flow rates of over 15 MMcfe/day. Major energy companies in the Haynesville Shale play have estimated that the "core area" of the shale holds at least 40 Bcfe/section of recoverable natural gas. The picture below is a map from Chesapeake Energy that shows their latest estimates of the Haynesville Shale boundaries (shown as "organic shale deposition.")
Most of Southern Star's acreage was leased in 2005 & 2006, years before the Haynesville Shale boom, for several hundred dollars per acre. By June 2008, leases had gone up to $25,000 per acre in some areas as giant players like Chesapeake and Petrohawk fought to secure acreage. The company should be able to drill enough wells to hold almost all of the acreage by production when leases expire in the next few years. Most people didn't think that the Haynesville Shale extended much into northern Bossier Parish, but recently well results show that it may indeed go this far. If this is true, then Southern Star may be drastically undervalued.
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